Thursday, May 5, 2011

Good Keynesianism

Referring back to economics once again, this is Krugman explaining how Keynesian insights have been abused. Indeed, we use "stimulus" way too much. We need to save during the good times and spend up during slack times. But, oh no, some can't bear the thought of money in the til. Foolish democracies: can we be trusted with Keynesian insights?

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